Who Has Cheap Car Insurance Rates for a 20 Year Old Male in Louisville?

The words “economical” and “insurance” probably shouldn’t be used together, in particular when you are shopping around for the lowest insurance prices for 20 year old guys. Because it’s not cheap, let’s take a look at some situations that have a considerable impact on car insurance rates, and find some ways to shave a little off the next policy you buy.

The type of vehicle needing coverage is one of the primary factors that determines whether or not you can buy affordable auto insurance for 20 year old guys. Vehicles with high performance, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models.

The data below showcases insurance rates for some of the more affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Louisville, KY
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $4,994
Ford Escape XLS 4WD $5,002
Hyundai Elantra SE Touring Station Wagon $5,441
Jeep Wrangler Sport Islander Package 4WD 2-Dr $5,488
Toyota Prius $5,516
Dodge Grand Caravan SE $5,563
Ford Focus SE 4-Dr Sedan $5,861
Chevrolet Impala LS $5,869
Honda Odyssey EX $5,861
Toyota Camry LE $5,936
Chevrolet Malibu Hybrid $5,946
GMC Sierra SL Extended Cab 2WD $5,936
Toyota RAV4 Sport 2WD $5,945
Compare Cheap Rates Go

Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates greatly.

By looking at the data, you can expect cars like the Honda CR-V, Ford Escape, and Hyundai Elantra are going to be the less-costly vehicles to insure for young men. The price for car insurance will trend higher because there is more exposure for 20 year old guys, but overall those particular models will tend to have the best rates that you are likely to find.

One of the more important components that are looked at to determine the amount you pay for auto insurance is where you call home. More densely populated places tend to pay more, whereas more rural areas get the luxury of paying less.

The information below rates the highest-priced places in Kentucky for 20 year old guys to buy auto insurance in. Louisville is ranked #1 with an annual premium of $2,112 on average, which is around $176 monthly.

How much does car insurance cost in Louisville, KY?
Rank City Annual Premium
1 Louisville $2,112
2 Frankfort $1,742
3 Jeffersontown $1,719
4 Ashland $1,707
5 Saint Matthews $1,694
6 Elizabethtown $1,595
7 Radcliff $1,590
8 Paducah $1,583
9 Madisonville $1,568
10 Henderson $1,557
11 Georgetown $1,551
12 Murray $1,549
13 Danville $1,534
14 Covington $1,532
15 Richmond $1,520
16 Nicholasville $1,519
17 Winchester $1,517
18 Lexington $1,514
19 Hopkinsville $1,478
20 Bowling Green $1,476
Compare Prices Now Go

Premium amounts are estimated as vehicle location can increase or decrease insurance rates significantly.

Shopping around for low-priced auto insurance is not the easiest thing to do, and figuring out which company offers the most affordable insurance rates for 20 year old guys involves even more rate comparisons. Each company has a different process to set premium rates, so let’s take a look at the insurance companies with the overall best prices in Louisville.

We do need to point out that Kentucky insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Improving your credit score, increasing deductibles, or getting into an accident can trigger changes in premium that can now make some companies more expensive than others.

Find the Cheapest Auto Insurance for Men Age 20

Compare Rates Now

Who has the cheapest car insurance in Kentucky?
Rank Company Cost Per Year
1 Cincinnati Insurance $1,126
2 Kentucky Farm Bureau $1,128
3 USAA $1,187
4 Auto-Owners $1,357
5 Motorists Mutual $1,569
6 Grange Mutual $1,577
7 Travelers $1,663
8 State Farm $1,793
9 Westfield $1,832
10 Safe Auto $1,972
11 Nationwide $2,024
12 Progressive $2,119
13 Electric $2,160
14 State Auto $2,254
15 Encompass $2,382
16 GEICO $2,413
17 Safeco $2,763
18 MetLife $3,146
19 Shelter $3,263
20 Liberty Mutual $3,744
Get a Custom Quote Go

Cincinnati Insurance quotes some of the best car insurance rates in Louisville at around $1,126 a year. This is $1,017 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual would also make the list of some of the best Louisville, KY insurance companies.

In this example, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you may realize an annual savings of about $229. Customers with Motorists Mutual could save as much as $441 a year, and Grange Mutual policyholders might lower prices by up to $449 a year.

If you want to see how much you could save, click here to start your custom quote or visit any of the companies below.

It’s important to note that these estimates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a specific location for 20 year old guys. So the company that can offer you the best rate may not even be in the top 21 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own personal information and vehicle type.

Cost of full coverage in Louisville

Lowering the price of insurance is important to most drivers, and one of the easiest ways to pay less for insurance for 20 year old guys is to not insure for full coverage. The diagram below shows the difference between insurance prices with and without full coverage. The premiums are based on no claims or driving citations, $1,000 deductibles, single status, and no additional discounts are factored in.

If we average all the age groups together, comprehensive and collision coverage on your policy costs an additional $1,486 per year over and above liability coverage. Many of you may wonder if it’s a good idea to buy full coverage. There is no clear-cut rule to eliminate physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

Discount Louisville car insurance rates

Cheaper Louisville, KY insurance for young menInsurance providers that offer cheap quotes for 20 year old guys may also offer price discounts that could lower prices by as much as 30% if you qualify. Companies and a partial list of their discounts can be found below.

The diagram below illustrates the difference between car insurance costs with and without discounts. The costs are based on a male driver, no violations or claims, Kentucky state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paperless filing, paid-in-full, good student, continuous coverage, passive restraint, and anti-theft discounts applied. With discounts applied, the average amount saved each year on insurance for 20 year old guys is 19% or $434.

Insurance companies ranked

Finding the best insurance company is difficult considering how many companies provide coverage in Louisville. The information in the next section could help you select which car insurance providers you want to consider purchasing coverage from.

The rankings below are only made up of companies that insure vehicles nationwide, so smaller regional companies are not taken into consideration for this list. To check prices and find the cheapest rates for 20 year old guys, click here.

Top 10 Large Auto Insurance Companies in Louisville Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Nationwide – 89%
  5. Travelers – 88%
  6. Progressive – 88%
  7. Safeco Insurance – 88%
  8. State Farm – 88%
  9. Allstate – 88%
  10. The Hartford – 87%

Top 10 Large Auto Insurance Companies in Louisville Ranked by Value

  1. Travelers
  2. American Family
  3. AAA Insurance
  4. Safeco Insurance
  5. Progressive
  6. The Hartford
  7. Erie Insurance
  8. The General
  9. Esurance
  10. 21st Century